The Conversation (0)
Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.
Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.
As quoted in a Mining Weekly report:
The current development plan for Mad Dog Phase 2 is not as attractive as previously modeled, due largely to market conditions and industry inflation,” the company said in a statement.